First Capital Realty also has big plans for the surrounding neighbourhood, including adding more luxury retail to the mix. Last year, it purchased several neighbouring retail properties, including 80-100, 102-104, 106-108, and 136-138 Yorkville Avenue. First Capital currently owns about 80% of the north side of Yorkville Avenue between Hazelton Avenue and Bellair Street and last year,
we reportedthat the landlord would like to eventually own much of the commercial space on both Yorkville Avenue and Cumberland Street. So far,
Chanel is a confirmed tenant in 2017 for an 8,400 square foot retail space currently occupied by
Teatro Verde at 98 Yorkville Avenue (Teatro Verde will move into the former Hazelton Lanes mall) and several other luxury brands have shown interest in adjacent street-front properties.